AMD Loses $1.2 Billion and Its CEO

Posted by ScuttleMonkey on Friday July 18, 2008 @04:54AM from the non-sustainable-business-models dept.

Barence writes to mention that after seeing almost $1.2 billion in second quarter losses, AMD's CEO has resigned. Stepping up to fill his shoes will be Dirk Meyer, previous company president and COO. "Only two years ago, the company held a processor performance lead and was making serious inroads into Intel's market. However, AMD failed to keep pace with Intel's Core technology, and it once again surrendered its performance crown at the dawn of the multicore era. Those problems were exacerbated by the bungled launch of the Barcelona processors, which prompted Ruiz to make a frank public apology last December."

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Re:i hope they keep up by murr · 2008-07-18 08:55 · Score: 0, Offtopic

Guess what? Intel sold its XScale divission to Marvell two years ago.
Did they really have to buy a processor manufacturing division just to make a bunch of fancy Spider-Man action figures?